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Asset Protection, Legal and Contract Issues, Income Taxes, 1031 Exchanges
(Moderators:
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What kind of Tax Attorney?
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Topic: What kind of Tax Attorney? (Read 708 times)
Jay$
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Posts: 39
What kind of Tax Attorney?
«
on:
February 09, 2010, 03:33:46 PM »
Just want to say I am a noob well sorta to the real estate game. So far things have been good with the exception of these damn taxes. I own few income properties and I need a ******* break lol. I have a good CPA but I know they are not TAX SPECIALIST. So my question is if anyone is using a tax attorney and if so what kind of tax attorney.
Should I go with a general business tax attorney or just real estate?
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Jay$
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Posts: 39
What kind of Tax Attorney?
«
Reply #1 on:
February 09, 2010, 03:36:46 PM »
Just want to say I am a noob well sorta to the real estate game. So far things have been good with the exception of these damn taxes. I own few income properties and I need a ******* break lol. I have a good CPA but I know they are not TAX SPECIALIST. So my question is if anyone is using a tax attorney and if so what kind of tax attorney.
Should I go with a general business tax attorney or just real estate?
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mcwagner
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Posts: 1893
Re: What kind of Tax Attorney?
«
Reply #2 on:
February 09, 2010, 03:49:13 PM »
sounds like you need a better CPA.
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Mark Wagner, CPA, LLC
Certified Public Accountant
http://www.facebook.com/MarkCWagnerCPA
justin0419
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Posts: 2024
Re: What kind of Tax Attorney?
«
Reply #3 on:
February 09, 2010, 06:20:02 PM »
Jay,
For what it's worth, you just had a great CPA respond to you. Mark's excellent at what he does and very helpful on here.
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yrush2000
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Posts: 1043
Re: Tax attorney for real estate?
«
Reply #4 on:
February 09, 2010, 08:30:23 PM »
Check with your local REIA club for a good CPA, someone that understands the business and can find deductions.
I remember when I started out, my CPA did all sorts of crazy deductions as I was buying in my name, not business credit like most and many said NO to those deductions but he did. in 2008 got my first (hopefully last) IRS audit. They were seeking over 40K from 2005-2007. Well after a 1yr process we settled for $3200. Not bad I say.
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(Moderators:
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Mdhaas
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What kind of Tax Attorney?
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